Market Opens with a Downturn

On Tuesday, Wall Street witnessed a cautious start as major indices traded lower. Investors are keenly awaiting earnings reports from DoorDash, Lyft, and AIG, set to be released after the market closes. Amidst this anticipation, Coca-Cola has already announced a 6% year-on-year increase in its fourth-quarter revenue for fiscal 2024, reaching $11.5 billion.

Impact of Trump's Tariffs

President Donald Trump's recent approval of tariffs on steel and aluminum imports has added a layer of uncertainty, influencing market sentiments. The Dow Jones fell by 0.28%, with Amgen shares dropping 1.81%. Similarly, the Nasdaq 100 and S&P 500 saw declines, with notable drops in Marriott International and Fidelity National Information Services by 3.54% and 12.48%, respectively.

Currency Movements

In currency markets, the euro appreciated by 0.24% against the dollar, trading at 1.03305. This movement reflects the ongoing adjustments in global financial markets as investors navigate through the implications of recent economic policies and corporate earnings.